Short Interest in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Expands By 26.2%

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) saw a significant increase in short interest in July. As of July 31st, there was short interest totalling 107,800 shares, an increase of 26.2% from the July 15th total of 85,400 shares. Based on an average trading volume of 45,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Naples Global Advisors LLC increased its stake in shares of Grupo Aeroportuario del Pacífico by 1.3% during the first quarter. Naples Global Advisors LLC now owns 5,447 shares of the transportation company’s stock valued at $889,000 after purchasing an additional 69 shares in the last quarter. Sei Investments Co. increased its position in Grupo Aeroportuario del Pacífico by 0.6% during the 1st quarter. Sei Investments Co. now owns 12,446 shares of the transportation company’s stock valued at $2,031,000 after buying an additional 73 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Grupo Aeroportuario del Pacífico by 112.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 276 shares of the transportation company’s stock valued at $48,000 after buying an additional 146 shares in the last quarter. Albert D Mason Inc. boosted its holdings in Grupo Aeroportuario del Pacífico by 1.4% in the first quarter. Albert D Mason Inc. now owns 12,547 shares of the transportation company’s stock worth $2,047,000 after acquiring an additional 174 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Grupo Aeroportuario del Pacífico by 163.0% in the second quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock worth $46,000 after acquiring an additional 176 shares in the last quarter. 11.73% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Pacífico Trading Up 2.6 %

NYSE PAC traded up $4.23 during trading on Friday, hitting $167.84. The company had a trading volume of 55,227 shares, compared to its average volume of 51,808. The company’s fifty day moving average is $159.75 and its 200-day moving average is $163.83. The company has a market cap of $8.48 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 2.41 and a beta of 1.46. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.56. Grupo Aeroportuario del Pacífico has a one year low of $107.25 and a one year high of $197.31.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last released its quarterly earnings results on Monday, July 22nd. The transportation company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.46). The company had revenue of $421.54 million during the quarter. Grupo Aeroportuario del Pacífico had a return on equity of 47.50% and a net margin of 29.26%. On average, sell-side analysts predict that Grupo Aeroportuario del Pacífico will post 9.81 earnings per share for the current year.

Grupo Aeroportuario del Pacífico Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, August 2nd. Investors of record on Monday, July 22nd were given a dividend of $3.8657 per share. The ex-dividend date was Monday, July 22nd. This is a positive change from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $2.09. This represents a dividend yield of 4.7%. Grupo Aeroportuario del Pacífico’s payout ratio is currently 33.75%.

About Grupo Aeroportuario del Pacífico

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.